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Atlantic Gold Corp.
Summary
| Project: | Cochrane Hill | |
|---|---|---|
| Deposit: | Cochrane Hill | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/13/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2019: Atlantic Gold Corp. announces a Resource Estimation report for its Cochrane Hill deposit at the Cochrane Hill project. Updated mineral resource estimate at Cochrane Hill. Vancouver, British Columbia – Atlantic Gold Corporation (TSX-V: AGB) ("At | |
| Resources: | (Resource, M+I): 17.4Mt @ 1.08g/t Au | |
| CP/QP: | [Resources]: Neil Schofield (Independent) | |
| ABSTRACT: | Vancouver, British Columbia – Atlantic Gold Corporation (TSX-V: AGB) ("Atlantic" or the "Company") is pleased to announce its updated Mineral Resources following successful drilling campaigns at its Touquoy Mine, Fifteen Mile Stream and Cochrane Hill deposits. The estimates have an effective date of February 15, 2019 and were prepared by Mr. Neil Schofield, a principal of FSSI Consultants (Australia) Pty Ltd. One of the purposes of the Phase 3 Resource Extension Drill Program was to increase drill density to 25m x 20m drill spacing, thereby allowing for an increased confidence level in Mineral Resource estimates to Measured and Indicated categories at Touquoy, Fifteen Mile Stream and Cochrane Hill. Touquoy Net of mining depletion, drilling at the Company’s Touquoy mine of approximately 5,268 metres successfully added 88,000 ounces of Measured and Indicated In-Pit Mineral Resource (at a cutoff grade of 0.3 g/t Au) in the southwest and southeast areas of the pit. A further Inferred Mineral Resource of approximately 48,000 ounces (at a cut-off grade of 0.3 g/t Au) will require in-fill drilling in 2019 with the objective of upgrading some or all of the resource to measured and indicated status. The Touquoy resource drilling program in 2018 was completed at a cost of CAD $825,000 and represents a CAD $9 cost per ounce of in-pit Measured and Indicated Mineral Resources added. FMS Deposits The Phase 3 Resource Expansion diamond drilling program at Fifteen Mile Stream increased inpit total Measured and Indicated Mineral Resource ounces to 676,000 (at a cut-off grade of 0.3 g/t Au), an increase of 47% or 216,000 ounces between the three deposits of Egerton -Maclean, Hudson and Plenty. | |
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